Funds Fan: Terry Smith, core-satellite tips, and 2022 bond outlook

In our latest episode, interactive investor’s Kyle Caldwell and Nina Kelly discuss five key takeaways from Terry Smith’s annual letter to Fundsmith Equity investors. The duo also explain a core-satellite approach and offer tips for those considering such an approach.

Later, bond investor Phil Milburn, joint manager of the Liontrust Strategic Bond fund, joins the podcast. Milburn discusses the big risks facing bond markets this year, including high inflation and the interest rate rises expected to shortly occur in the US, as well further potential increases in the UK.

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